It is the intent of the Aiken Technical College to solicit offers from qualified vendors to establish a contract to provide Auditing Services. The College is physically located at 2276 Jefferson Davis Hwy, Graniteville, SC 29829. The accounting records are processed on an ERP System utilizing Ellucian-Colleague UI 5 operating software. Revenues and expenses for Fiscal Year 2023 were as follows: Operating revenues Student tuition and fees (net of scholarship allowances of $7,049,849) $ 4,345,192 Student tuition and fees pledged (net of scholarship allowances of $186,211) 288,785 Federal grants and contracts 2,440,871 State grants and contracts 4,061,754 Local grants and contracts 428,128 Auxiliary enterprises (net of scholarship allowances of $212,280) 727,228 Other operating revenues 161,432 Total operating revenues 12,453,390 Operating expenses Salaries 9,638,697 Benefits 2,918,237 Scholarships and fellowships 2,060,384 Utilities 587,416 Supplies and other services 6,366,667 Depreciation and amortization expense 1,707,950 Total operating expenses 23,279,351 Operating loss (10,825,961) Non-operating revenues (expenses) State appropriations 5,702,272 County appropriations 2,215,960 Federal grants and contracts 4,882,889 State and local grants and contracts 144,915 Investment income 378,546 Interest expense (5,712) Loss on disposal of capital assets (426) Total non-operating revenues, net 13,318,444 Income before capital grants and contributions 2,492,483 Capital grants and contributions Capital grants and state capital appropriations 14,937,112 Contributed capital assets 10,000
